U.S. Home Healthcare Products Market to Surpass $7.5 Billion by 2009

U.S.

Kalorama Information: U.S. market for home healthcare products will show steady growth through the end of the decade to pass the $7.5 billion mark by 2009. Home medical equipment and infusion products will lead the way as home healthcare continues to be a growing trend.

Forecasts steady growth across almost all areas of home health. Driven by the aging U.S. population and the increasing acceptance of home care for a variety of health conditions, the entire sector is expected to grow an estimated 8% annually over the next 5 years. Moving patients from expensive institutional care to less costly home care is becoming a priority in a more cost-conscious managed care environment. Although this may be good news to suppliers generally, it also foretells that these same suppliers will increasingly feel price pressures, especially suppliers of less technologically advanced products.These pressures are already driving down the unit prices of traditional equipment, such as beds and wheelchairs, while more technologically dynamic segments, such as monitors and defibrillators, will fare better. Home medical equipment, infusion products, kidney dialysis, respiratory therapy, monitors, and miscellaneous supplies, such as ostomy and incontinence products, home defibrillators. The U.S. Market for Home Care Products, 4nd Edition Publ 20050614